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38 Days on Jacob RealtyPrice Reduced $26,000
18
$1,599,000
Total Beds: 8 Total Baths: 4
Total Units: 4 SQFT: 4280
LOT size: 0.08 Acres
3106-3110 Washington Street
Boston, MA 02119
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Property Description

Fantastic investment or development opportunity in the heart of Egleston Square. This freestanding mixed use 4 unit property is fully leased and features two commercial storefronts on the first floor, as well as two nicely renovated 4 bedroom/1 bath units on the second + third floors. Current net income eclipses $104K annually and is projected to increase by 10% for the 2024-2025 rental season. The commercial units are occupied by a barber shop and a mobile phone store and are on leases ending August 2024 + December 2026 w/5 year option respectively. The residential units feature dark stained hardwood floors, crown moldings, spacious kitchens w/stainless appliances + granite counters, tile baths, central A/C, in-unit laundry + rear decks. They are both on lease to 8/31/24. For developers, the property is located in the desirable Neighborhood Shopping (NS) zoning district which allows for a host of different uses and buildings as high as 45' with an FAR of 2.0. Pro-Forma upon request.

Property Details

Building Information

  • Total Units: 4
  • Total Floors: 7
  • Total Bedrooms: 8
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Amenities: Bike Path, Conservation Area, Golf Course, Laundromat, Medical Facility, Park, Public Transportation, Shopping, Tennis Court, Walk/Jog Trails
  • Common Interior Features: Tile Floor

Financial

  • APOD Available: Yes
  • Expenses Source: Pro. Forma Available
  • Gross Operating Income: 127470
  • Gross Expenses: 22762
  • Electric Expenses: 500
  • Water/Sewer: 3000
  • INSC: 3091
  • Repairs & Maintenance: 5099
  • Miscellaneous Expense: 750
  • Net Operating Income: 104708

Utilities

  • Heat Zones: 4
  • Cooling Zones: 4
  • Energy Features: Insulated Windows
  • Water: City/Town Water, Private
  • Sewer: City/Town Sewer, Private

Unit 1 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 2 Description

  • Under Lease: Yes
  • Floors: 1
  • Levels: 1

Unit 3 Description

  • Under Lease: Yes
  • Floors: 2
  • Levels: 1

Unit 4 Description

  • Under Lease: Yes
  • Floors: 3
  • Levels: 1

Construction

  • Year Built: 1930
  • Type: 4 Family
  • Foundation Info: Other (See Remarks)
  • Roof Material: Rubber
  • Flooring Type: Hardwood, Tile
  • Lead Paint: Unknown
  • Year Round: Yes
  • Warranty: No

Other Information

  • MLS ID# 73218226
  • Last Updated: 05/04/24

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Map

Seller's Representative: The Residential Group, William Raveis R.E. & Home Services
Sub Agent Compensation: n/a
Buyer Agent Compensation: 2.25
Facilitator Compensation: 2.25
Compensation Based On: Net Sale Price
Sub-Agency Relationship Offered: No

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The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

MLS PIN data last updated at 2024-05-04 03:05:00

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